# AF Gruppen acquires 80% of Stenseth & RS Holding

AF Gruppen has acquired 80% of the shares of Stenseth & RS Holding, a concrete contractor with 300 employees, for an enterprise value of NOK 220 million. The remaining 20% stays with employees.

- Type: Acquisition
- Announced: 2022-03-01
- Where: Norway
- Value: $25.0M (220.0M NOK)
- Jobs: 300
- Status: completed
- Products: concrete works, formwork, reinforcement, casting, floor surface treatment
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [AF Gruppen](https://endata.com/companies/22119.md) (acquirer)
- [Stenseth & RS Holding](https://endata.com/companies/59535.md) (target)

## Sources

- [afgruppen.com](https://www.afgruppen.com/news/2022/03/af-completes-acquisition-of-stenseth--rs/), 2022-03-01: "The acquisition is consistent with our strategy of growing profitably, and will further strengthen our position in concrete works."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.